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The Relationship Between Firm Resources And Joint Ventures: Revisited, Vivien E. Jancenelle
The Relationship Between Firm Resources And Joint Ventures: Revisited, Vivien E. Jancenelle
Business Student Publications
Purpose
– This study is a replication of Wolff and Reed’s (2000) work. The purpose of this paper is to examine how the combination of resources brought to joint ventures influence parent-firm performance. This study is also interested in whether or not the exposure of immobile resources through the semi-transparent membrane of the joint venture can have negative effects on parent-firm performance.
Design/methodology/approach
– The sample consists of two-parent joint ventures formed by publicly traded US firms between 1997 and 2013. The event-study methodology is used to calculate each parent-firm’s abnormal returns. This work also uses content analysis to analyze …